This property looks like a bad Airbnb investment with a projected -22.38% first-year return on $202k initial cash invested.
-22.38%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$3,733
Rent
-$3,768
Cashflow
Cash Flow
$3,733 income − $7,501 expenses = $3,768 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,762
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,733
Total Expenses
$7,501
Mortgage P&I
120%
$4,491
Property Taxes
24%
$897
Home Insurance
9%
$322
HOA
0%
$0
Property Management
15%
$560
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$933